Accenture posts above average Q4 results

Accenture on Wednesday declared better than expected Q4 results. Fourth-quarter net income was 91 cents per share, ahead of analysts expectations of 88 cents a share.

Maintaing a strong Q1FY12 guidance, the company posted a record order booking of $4 billion. It shows that the IT business environment is looking as great as it did last year. The results also indicate that cosutomers were prepared for the downturn.

The company also increased its semi-annual cash dividend 50 percent to 67.5 cents per share, and approved $5 billion of additional share repurchase authority.

The result is likely to have a positive impact on other IT comapnies.